Floatel International Ltd andProsafe SE and have agreed to extend the long stop date in the transaction agreement from31 December 2019 until30 June 2020 . Competition clearance continues inNorway and theUK , and further information will be provided in due course. A potential merger will also be subject to lenders approval, approval from Floatel bondholders and approval by an Extraordinary General Meeting inProsafe SE . For further information, please contact:Peter Jacobsson , CEO,Floatel International AB - Tel: + 46 31 352 07 00; Mob: +46 76 856 36 18 Tomas Hjelmstierna, CFO,Floatel International AB - Tel: + 46 31 352 07 00; Mob: +46 70 261 09 01 About FloatelFloatel International owns and operates five semisubmersible accommodation vessels, all vessel where delivered within the period 2010 to 2016. Floatel has two bond issuances listed on Oslo ABM with ticker code FLOAT02 and FLOAT03. For more information, please refer to http://www.floatel.bm
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